Stock Options Channel Staff - Wednesday, May 5, 1:33 PMLooking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Marathon Petroleum Corp. (MPC), where a total volume of 24,783 contracts has been traded thus far today, a contract volume which is representative of approximately 2.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.4% of MPC's average daily trading volume over the past month, of 4.9 million shares. Particularly high volume was seen for the $60 strike call option expiring June 18, 2021, with 3,196 contracts trading so far today, representing approximately 319,600 underlying shares of MPC. Below is a chart showing MPC's trailing twelve month trading history, with the $60 strike highlighted in orange:
Align Technology Inc (ALGN) options are showing a volume of 2,864 contracts thus far today. That number of contracts represents approximately 286,400 underlying shares, working out to a sizeable 49.5% of ALGN's average daily trading volume over the past month, of 578,535 shares. Especially high volume was seen for the $500 strike put option expiring June 11, 2021, with 383 contracts trading so far today, representing approximately 38,300 underlying shares of ALGN. Below is a chart showing ALGN's trailing twelve month trading history, with the $500 strike highlighted in orange:
And Lam Research Corp (LRCX) saw options trading volume of 6,786 contracts, representing approximately 678,600 underlying shares or approximately 48.8% of LRCX's average daily trading volume over the past month, of 1.4 million shares. Particularly high volume was seen for the $820 strike call option expiring May 21, 2021, with 339 contracts trading so far today, representing approximately 33,900 underlying shares of LRCX. Below is a chart showing LRCX's trailing twelve month trading history, with the $820 strike highlighted in orange:
For the various different available expirations for MPC options, ALGN options, or LRCX options, visit StockOptionsChannel.com.
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